The first part on the Patent is crystal clear, and clearly good news for KWG.

However, the second part, according to the NR "The Company also announces that prior to December 30th, 2014 it proposed terms to Bold Ventures Inc. (“Bold”) for the further amendment of the agreement between them for the acquisition of the mineral rights in the Black Horse deposit. The Black Horse mineral rights may be acquired by Bold under an option agreement with Fancamp Exploration Ltd. Previously, Bold and KWG had extended to December 30, 2014, the deadline by which KWG must provide notice that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property by March 31, 2015. KWG has to date incurred $5.8 million of the $8.0 million required expenditure and is proceeding with a prospectus offering of securities to fund the additional work." is not at all clear.

Would it be correct for me to intepret the message as "KWG has proposed to BOL, before the eadline of 30 Dec 2014, that KWG intends to complete the previous agreement by paying (a) $700,000 option payment by 7 Feb 2014, and (b) an additional amount of 8 - 5.8 = $2.2M by 31 March 2015, for 80% of BH"?

goldhunter